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American Creek Resources Ltd V.AMK

Alternate Symbol(s):  ACKRF

American Creek Resources Ltd. is a Canada-based junior mineral exploration company, which is engaged in the acquisition and exploration of mineral properties, principally for precious metal deposits. The Company’s projects include Treaty Creek and Austruck-Bonanza. The Treaty Creek Project covers approximately 114 square km in the Skeena Mining District of northern British Columbia and is situated approximately 70 km north of Stewart. The Austruck-Bonanza Property is located within the Kamloops Mining Division 53 kilometers north-west of the city of Kamloops in south central British Columbia. The Austruck-Bonanza Property is underlain by Devonian to Triassic Harper Ranch formation comprised of fine grade sedimentary rocks including mudstone and shale and includes basaltic volcanics. The Company holds 100% interest in the Austruck-Bonanza Property and 20% interest in the Treaty Creek project.


TSXV:AMK - Post by User

Comment by HIGHonLITHIUMon Jan 22, 2024 9:40pm
132 Views
Post# 35840087

RE:RE:RE:The need for Cash ..

RE:RE:RE:The need for Cash ..I agree with you Stockmoves. Involving a major has its pros and cons.

On the PRO side, the big name putting capital into the project as an investor gives vailidity to the project. And, the market can also assume that more money is potentially available from that big name should the project continue to show posiitve exploration results.

On the CON side, there doesn't seem to be sustained rallies in the junior stock once the big name comes on board. However, we haven't seen a strong gold market for so long it's hard to remember what things "used to be like". Recent deals have mostly shown lackluster market action on the news.

On the PRO side, if we can finally see a strong bull market in gold stocks and more specifically gold junior explorers, the Treaty project is massive enough in scale and has many positive attributes, meaning that it should be the subject of a strong bidding war. Those bidding wars can be incredibly exciting and add serious value as the premiums to market rise with each competing bid. We have an asset that should trigger an intense bidding war, assuming we have a strong gold market that aligns.   
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